Common use of Remaining Balances Clause in Contracts

Remaining Balances. Pursuant to IRC Section 125, any amounts remaining in the employee’s account at the end of a Plan Year must be forfeited. The County will use any forfeited amounts to help defray the Plan’s administrative expenses. PER DIEM UNIT EMPLOYMENT

Remaining Balances. Pursuant to IRC Section 125, any amounts remaining in the employee’s account at the end of a Plan Year must be forfeited. The County will use any forfeited amounts to help defray the Plan’s administrative expenses. PER DIEM UNIT EMPLOYMENTEMPLOYMENT‌